Kovack Advisors Inc. Decreases Holdings in iShares Global Tech ETF (NYSEARCA:IXN)

Kovack Advisors Inc. lessened its stake in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,040 shares of the company’s stock after selling 610 shares during the period. Kovack Advisors Inc.’s holdings in iShares Global Tech ETF were worth $1,435,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of IXN. International Assets Investment Management LLC increased its stake in shares of iShares Global Tech ETF by 5,858.3% in the fourth quarter. International Assets Investment Management LLC now owns 552,279 shares of the company’s stock worth $37,654,000 after purchasing an additional 543,010 shares in the last quarter. Gimbal Financial bought a new position in shares of iShares Global Tech ETF in the fourth quarter valued at approximately $13,213,000. Palladiem LLC bought a new position in shares of iShares Global Tech ETF in the third quarter valued at approximately $2,260,000. Arlington Trust Co LLC bought a new position in shares of iShares Global Tech ETF in the fourth quarter valued at approximately $2,120,000. Finally, Waverly Advisors LLC boosted its position in shares of iShares Global Tech ETF by 211.9% in the third quarter. Waverly Advisors LLC now owns 44,529 shares of the company’s stock valued at $2,576,000 after acquiring an additional 30,254 shares during the period.

iShares Global Tech ETF Trading Up 1.5 %

Shares of IXN stock traded up $1.05 during trading hours on Friday, reaching $71.80. The stock had a trading volume of 116,228 shares, compared to its average volume of 342,237. The stock’s fifty day simple moving average is $73.42 and its 200 day simple moving average is $68.48. iShares Global Tech ETF has a 12 month low of $52.75 and a 12 month high of $76.25. The firm has a market capitalization of $4.30 billion, a PE ratio of 32.76 and a beta of 1.34.

iShares Global Tech ETF Company Profile

iShares Global Tech ETF (the Fund), formerly iShares S&P Global Technology Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 1200 Information Technology Sector Index (the Index). The Index measures the performance of companies that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P) deems to be part of the information technology sector of the economy.